Seasonality
From past Gold behaviour we can see that Gold is bullish during December-January. We have already seen Gold establish support at $1850 meaning it will now be fluctuating around the current price until we see it rise in December. After this we can expect to see Gold rise until $2200. Another reason for this rise might also be the new President Biden during which investors may cling on to Gold at a time of uncertainty.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.